Russia Liquidates 71% of Its Gold Reserves to Finance War Effort

5 pointsposted 13 hours ago
by doener

2 Comments

DivingForGold

8 hours ago

Russia mines approximately 300 to 330 metric tons of gold annually, so it's the world's second-largest gold producer after China.

Production in 2024 was estimated at 310–330 tons, with significant output from Siberian and Far Eastern regions like Krasnoyarsk Krai and Magadan Oblast.

So in a couple of years or so that amount of ~395 tons sold off can be replaced.